Phoenix, AZ Homes for Sale

Multifamily Homes for Sale

1144 N Wedgewood Circle, Mesa
$550,000
4 Beds ⋅ 4 Baths ⋅ 7102626 MLS
TWO HOMES. ONE SMART INVESTMENT! Excellent opportunity to own an updated, single-level Mesa duplex on a generous 10,313 SF lot. Whether you're looking to expand your investment portfolio, generate rental income from both units, or live in one while the other helps offset your mortgage, this property offers plenty of possibilities. Each unit offers 765 SF with 2 bedrooms, 2 baths, an attached carport, an additional parking space, and a long driveway. One unit is currently tenant-occupied, providing immediate rental income, while the other is vacant and beautifully updated. The refreshed unit is bright and airy, showcasing a gorgeous kitchen with espresso-toned cabinetry, quartz countertops, brand-new stainless steel appliances, and a subway tile backsplash. Natural wood-look laminate flooring runs throughout, creating a warm, contemporary feel. The primary bathroom features a dual vanity, updated fixtures and mirrors, and a stunning ocean-blue tiled walk-in shower with dual showerheads. The second full bath includes a bathtub with designer tile in the tub surround and flooring. Additional features include an indoor laundry room with washer and dryer included, along with a brand-new water heater. The tenant-occupied unit, a mirror of the updated floor plan, offers an opportunity for future improvements and added value. With two separate living spaces, convenient parking, and the flexibility to generate income from one or both units, this property presents an appealing opportunity for both new and experienced investors. One property, two income-producing possibilities, and room to build long-term value!

1144 N Wedgewood Circle, Mesa

Courtesy of AZ Flat Fee. 480-771-1511

509 N 11th Street, Phoenix
$599,999
2 Beds ⋅ 2 Baths ⋅ 7099849 MLS
TWO FULLY FURNISHED AIRBNB RENTALS | COMPLETELY RENOVATED HISTORIC DUPLEX | DOWNTOWN PHOENIX! Rare opportunity to own a beautifully renovated, turnkey multifamily investment property in the heart of Phoenix's desirable Garfield Historic District! Currently operating as TWO separate Airbnb rentals, this charming duplex is being sold FULLY FURNISHED, offering an incredible opportunity for investors looking to expand their short-term rental portfolio or buyers seeking a flexible income property. Each thoughtfully updated residence features 1 bedroom, 1 bathroom, a versatile den, private entrance, and stylish modern finishes that perfectly blend historic neighborhood charm with contemporary comfort. LOCATION IS EVERYTHING! Situated near the vibrant energy of Downtown Phoenix, with convenient access to Chase Field, Mortgage Matchup Center, Roosevelt Row Arts District, the popular First Fridays Art Walk, and an incredible selection of restaurants, coffee shops, breweries, nightlife, and entertainment. Sports fans, concertgoers, and visitors alike will appreciate the proximity to Phoenix's major attractions, while the surrounding Garfield neighborhood offers its own unique historic character. Whether you're looking for an established Airbnb property, furnished short-term or mid-term rental opportunities, a long-term multifamily investment, or the chance to live in one residence while renting the other, the possibilities are exceptional! With BOTH units fully furnished, beautifully renovated, and already operating as vacation rentals, much of the initial setup has been completed. TWO SEPARATE RESIDENCES. ONE INCREDIBLE DOWNTOWN PHOENIX INVESTMENT OPPORTUNITY!

509 N 11th Street, Phoenix

Courtesy of Realty ONE Group. 623-236-1414

1005 N Center Avenue, Casa Grande
$639,000
5 Beds ⋅ 4 Baths ⋅ 7098523 MLS
Exceptional Multifamily Investment; $4,400+ Monthly Gross Rental Income; Expansive Corner Lot. (~20,500+sqft) Discover an outstanding investment opportunity in the heart of Casa Grande! Situated on a generously sized corner lot, this income-producing multifamily property offers the ideal combination of established rental income, desirable tenant amenities, and exciting potential for future expansion. Currently generating $4,400+ in gross monthly rental income, with all units occupied, SEPARATELY METERED this property offers immediate INCOME potential for investors looking to expand their portfolio or capitalize on a versatile real estate asset. Each unit features a private yard, in-unit washer and dryer, stove, and refrigerator, providing convenience, privacy, and outdoor space for residents. The EXPANSIVE DOUBLE LOT opens the door to a variety of possibilities. Explore opportunities for additional storage, vehicle and recreational equipment parking, enhanced outdoor spaces, or potential future development, including additional ADUs or casitas, subject to zoning, permitting, and applicable approvals. Whether your strategy focuses on maintaining existing cash flow, improving the property over time, or exploring additional income-producing possibilities, this property offers flexibility to pursue your INVESTMENT GOALS. Conveniently located near Casa Grande amenities, shopping, dining, and everyday essentials, this is an opportunity to acquire an established multifamily asset with current income and potential long-term upside. Drive-by only. Please do not disturb tenants. Property walkthroughs are available only with an accepted offer. Buyer to verify all information.

1005 N Center Avenue, Casa Grande

Courtesy of Fathom Realty. 877-661-1977

421 W 9th Street, Casa Grande
$480,000
4 Beds ⋅ 3 Baths ⋅ 7097378 MLS
Discover a rare multifamily investment opportunity in Casa Grande featuring THREE SEPARATELY METERED, income-producing units with exceptional owner-occupancy potential. This strategically configured property comprises a duplex building (Units A & B) and a standalone single-family residence (Unit C). This property can generate upto $3,500+ in gross monthly rent, this turnkey property delivers IMMEDIATE returns with minimal landlord involvement. With Unit C (1 bed/1 bath) VACANT--presenting a unique house-hacking opportunity where you can owner-occupy while Units A (2 bed/1 bath) and B (1 bed/1 bath) cover your mortgage and generate PROFIT. All units are separately metered electricity, water, and gas, simplifying tenant management. In-unit WASHERS & DRYERS, gated parking for vehicles with abundant outdoor space. Current leases expiring 03/31/2027 (Unit A) and 4/30/2027 (Unit B) True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction. Positioned in desirable Casa Grande with proximity to shopping, schools, parks, and vibrant downtown amenities, this property appeals to diverse tenant demographics and maintains strong rental demand. Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

421 W 9th Street, Casa Grande

Courtesy of Fathom Realty. 877-661-1977

8927 N 10th Street, Phoenix
$1,400,000
8 Beds ⋅ 8 Baths ⋅ 7086346 MLS
NEW CONSTRUCTION FOURPLEX | 8927 N 10TH STREET This newly constructed fourplex features four modern two-bedroom, two-bathroom residences, approximately 850 square feet each. Contemporary finishes include quartz countertops, new cabinetry, dual-pane windows, and stainless-steel appliances, including a microwave and dishwasher in each unit. Each residence also has its own stackable washer and dryer. The property includes a new asphalt parking lot and manicured desert landscaping. Construction is nearing completion, and the Certificate of Occupancy is pending and expected within approximately 30 days. Information is believed reliable but is not guaranteed. Buyer must independently verify all property information, including condition, dimensions, zoning, permitted uses, plans, approvals. Introducing a newly constructed fourplex at 8927 N 10th Street in Phoenix. Each modern unit offers approximately 850 square feet with 2 bedrooms and 2 bathrooms. All four units are projected to rent for $2,000 per month each. The units feature quartz countertops, installed cabinetry, dual-pane windows, stainless steel appliances--including a microwave and dishwasher--and a new stackable washer and dryer in each unit. Each unit is individually metered for electricity. Water, sewer, and trash are master-metered. The property also offers a new asphalt parking lot and manicured desert landscaping. Conveniently located near SR-51, HonorHealth John C. Lincoln Medical Center, and area employment, shopping, and services. The Certificate of Occupancy is pending and is expected within approximately 30 days. Financial projections: Projected gross rent is $96,000 annually. Based on the provided expense estimates, projected NOI is $79,120, or an estimated 5.65% cap rate. Projected property taxes are $2,900 annually following reassessment; actual taxes may differ. The cap rate excludes vacancy and expenses not listed. All rents, income, expenses, taxes, and cap rate are estimates and are not guaranteed. The Certificate of Occupancy is pending. Buyer should independently verify all property details, financial information, taxes, permits, zoning, and other material facts. Information is deemed reliable but not guaranteed. Situated in Phoenix's established Sunnyslope neighborhood, the area surrounding 8927 N 10th Street combines convenient access to employment, everyday services, neighborhood dining, and desert recreation. Its North Central Phoenix setting places residents near the 7th Street and Dunlap Avenue corridors, with connections to State Route 51, Interstate 17, Downtown Phoenix, and the Camelback Corridor. HonorHealth John C. Lincoln Medical Center is a significant nearby healthcare and employment anchor. Located on East Dunlap Avenue, the hospital provides emergency care, surgical services, specialty treatment, and outpatient services. The surrounding medical offices and healthcare practices add employment opportunities across clinical, administrative, and support positions. The broader North Central Phoenix employment base also includes Blue Cross Blue Shield of Arizona, along with retail, banking, and professional-service businesses. Daily necessities are conveniently located within the surrounding neighborhood. Fry's Food Stores on East Hatcher Road offers groceries, pharmacy services, and a nearby fuel center, while Wells Fargo at 7th Street and Dunlap provides banking services. Local dining includes Little Miss BBQ's Sunnyslope location on North 7th Street, part of the acclaimed Phoenix barbecue business recognized by Phoenix New Times for its standout barbecue. These established businesses contribute both convenience and neighborhood character. Recreation is another appealing feature of the location. Sunnyslope Park and Community Center offer neighborhood gathering spaces, fitness facilities, sports, and organized activities. The nearby North Mountain area and Phoenix Mountains Preserve provide desert scenery and hiking opportunities, bringing outdoor recreation within reach of an established urban neighborhood. Transportation options extend beyond the surrounding road network. The Sunnyslope Transit Center on North 3rd Street provides a nearby public-transit resource, complementing bus service along the area's principal corridors. This combination gives residents options for reaching employment, shopping, and services throughout Phoenix. For multifamily investors, the location offers a practical combination of nearby employment, established services, transportation choices, and recreational amenities. These characteristics can appeal to renters who value everyday convenience and access to central Phoenix destinations, providing a clear location-based rationale when evaluating the area's long-term rental potential.

8927 N 10th Street, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

120 S Lebaron -- Unit 1, Mesa
$439,900
4 Beds ⋅ 3 Baths ⋅ 7084014 MLS
Two on LeBaron is a charming and highly desirable duplex opportunity featuring two unique, spacious units, each offering its own private backyard and in-unit washer and dryer. The front residence is a very large 3-bedroom, 1-bathroom home with an inviting layout and generous living space. The oversized floor plan provides excellent functionality for a family or long-term tenant seeking more room than a typical duplex unit. The rear residence is a large, open-concept studio with a cozy fireplace, creating a warm and distinctive living environment. Its spacious design offers flexibility and a character that sets it apart from traditional studio units. The front residence is a very large 3-bedroom, 1-bathroom home with an inviting layout and generous living space. The oversized floor plan provides excellent functionality for a family or long-term tenant seeking more room than a typical duplex unit. The rear residence is a large, open-concept studio with a cozy fireplace, creating a warm and distinctive living environment. Its spacious design offers flexibility and a character that sets it apart from traditional studio units. Property Highlights Duplex | 2 separate residences Front Unit: Very large 3-bedroom / 1.5-bathroom $1,750 currently rented Rear Unit: Spacious open-concept studio with fireplace $1,000 currently rented Private backyard for each unit Washer & dryer in each unit Unique layouts with strong tenant appeal Excellent opportunity for an owner-occupant or investor Potential for strong rental demand and income diversification Separately usable outdoor spaces enhance privacy and livability Investment Opportunity Two on LeBaron offers investors the opportunity to own a well-positioned, income-producing duplex with two distinctly appealing residences. The combination of a large 3-bedroom home and a spacious studio creates a diversified rental profile, while the private yards and in-unit laundry provide amenities that are highly desirable to today's tenants. The property also presents an attractive house-hacking opportunity, allowing an owner to live in one unit while generating rental income from the other. With its combination of space, privacy, character, and functional amenities, Two on LeBaron is an excellent opportunity for investors seeking a smaller multifamily asset with multiple potential strategies for maximizing value and long-term returns.

120 S Lebaron -- Unit 1, Mesa

Courtesy of Incyte Realty, LLC. 480-409-9900

1005 E Moreland Street, Phoenix
$650,000
4 Beds ⋅ 4 Baths ⋅ 7074894 MLS
Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods. Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements. For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and additional upside through the vacant main residence. The configuration also works well for multigenerational living, extended family, or a combination of personal use and rental income. Located just minutes from Downtown Phoenix, Roosevelt Row, Banner University Medical Center, dining, entertainment, major employment centers, freeways, and Phoenix Sky Harbor International Airport, this is the type of central infill property that is increasingly difficult to replicate. Historic character, existing rental income, and multiple paths for occupancy make 1005 E Moreland St a standout opportunity for buyers looking to live, invest, or do both.

1005 E Moreland Street, Phoenix

Courtesy of eXp Realty. 480-420-4455

815 N Arbor Avenue, Casa Grande
$499,000
5 Beds ⋅ 3 Baths ⋅ 7071365 MLS
Rarely does an investment opportunity like this come to market in Casa Grande. Uniquely positioned on a desirable corner lot, this three-unit property offers the ideal combination of stable cash flow, strong tenant demand, and long-term growth potential in one of Pinal County's fastest-growing markets. The property consists of two distinct structures, creating an attractive and versatile investment offering. Units 819 N Arbor Ave (2/1) and 815 N Arbor Ave (2/1) are configured as a duplex, while 809 N Arbor Ave (1/1) is a separate detached residence, providing the privacy and appeal of a standalone single-family home. All three units feature private entrances, private yard spaces, and include washer and dryer sets for tenant convenience. Current tenancy provides immediate and dependable income with leases expiring 5/31/2027, 6/30/2027 and 11/30/2026 generating gross income of $4000+ per month. Tenants pay all utilities, with each unit separately metered for both electric and water, helping maximize investor returns and minimize owner expenses. With strong in-place rental income and leases already secured, this property offers a rare opportunity to invest in one of Pinal County's fastest-growing markets. Supported by continued economic development, expanding employment opportunities, and increasing housing demand, this asset provides dependable cash flow today while positioning investors to benefit from the area's ongoing growth and future potential. Conveniently located near shopping, dining, schools, and major transportation corridors, this is the definition of a true turnkey investment--stable income today with room for continued upside tomorrow. DRIVE-BY ONLY. Please do not disturb tenants. Interior walkthroughs will be provided only upon acceptance of an offer. Buyer to verify all facts and figures. Act quickly--opportunities like this don't last.

815 N Arbor Avenue, Casa Grande

Courtesy of Fathom Realty. 877-661-1977

2301 W Hayward Avenue, Phoenix
$839,900
7 Beds ⋅ 3 Baths ⋅ 7066909 MLS
PACKAGE SALE: 2301 W Hayward Ave is being offered exclusively with 2305 W Hayward Ave. The properties must be purchased together and will not be sold separately, creating a unique opportunity to acquire multiple income-producing properties in one central Phoenix location. Together, the properties span right under an acre of land and feature three separate single-family residences with R-3 zoning, offering an appealing setup for an investor seeking multiple rental units in one location. The homes are currently tenant occupied, with the opportunity to take over the existing tenants and leases if desired, providing the potential for rental income from day one. Adding to the long-term potential, City planning staff have indicated that the site could support a six-unit multifamily development (6-plex), subject to applicable City requirements, approvals, and buyer verification. This provides an exciting opportunity for investors looking beyond the property's current use and considering future redevelopment possibilities. Beyond the residences, the property features an impressive 18-car carport offering substantial covered parking, along with a large shop space ready to make your own. Whether utilized for storage, a workshop, equipment, or other permitted uses, the additional space adds another layer of versatility to the property. Conveniently located near 23rd Ave and Northern Ave, the properties provide quick access to I-17, shopping, dining, employment centers, and everyday amenities. With over an acre of land, three single-family residences, R-3 zoning, extensive covered parking, a large shop, existing tenants, and potential for future multifamily development, this package offers a rare combination of current income potential and long-term flexibility in central Phoenix.

2301 W Hayward Avenue, Phoenix

Courtesy of Capstone Realty Professionals. 602-354-4660

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